American_Bankers_Association
CTFA · Question #268
Loan disclosure statement is:
The correct answer is D. All of these. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
Loan disclosure statement is:
Options
- AA document which lenders are required to supply borrowers
- BThat states the dollar amount of finance charges
- CThat states APR applicable to a loan
- DAll of these
How the community answered
(29 responses)- A10% (3)
- B3% (1)
- C3% (1)
- D83% (24)
Topics
#loan disclosure#Truth in Lending#APR#finance charges
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